"Malcolm Glazer began acquiring Manchester United in May 2003, gradually increasing his stake to 98% by June 2005, resulting in significant debt and controversy."
"By 2010, Glazer had burdened Manchester United with 660 million in debt, prompting backlash from supporters and attempts to rally a consortium for a buyout."
Malcolm Glazer started purchasing shares of Manchester United in May 2003, initially acquiring 15% by the year's end. Despite declaring no intention to bid, he raised his shareholding to a majority by June 2004. By May 2005, he bought out JP McManus and John Magnier's 28.7% for £790 million, allowing him to dominate the club with 98% ownership by June. This acquisition loaded the club with £660 million in debt, sparking fan protests and attempts by the 'Red Knights' to acquire the club as Glazer's valuation reached $2.3 billion by 2012.
Read at www.theguardian.com
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